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Tag Archives: a U.S. producer

In Oil Face-Off, Saudis, Shale Both Claim Victory

A two-year battle for global oil supremacy that pit Saudi Arabia, the de facto leader of OPEC, against upstart U.S. shale producers left them both badly wounded but with each side claiming victory. The Organization of the Petroleum Exporting Countries deal last month to cut oil production has sparked a powerful rally after crude prices had fallen by half over ...

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